Recently I posted about how international ETFs' P/E ratios stand in relation to GDP. The most undervalued seemed to be the emerging markets of BRIC (Brazil, Russia, India, China).
World markets had turned negative in October and the current bear market has already lasted six months. But the major fall happened at the beginning of 2008. I ran my screen for ETFs to see the leaders and laggards on YTD basis. Here you have the results: